Brown Ledge Foundation INC FY2022 filing

Tax-deductible

Colchester, VT501(c)(3)Recreation & SportsEIN 04-3351055Revenue $3.2M in FY2022

On file with the IRSbrownledge.orgPo Box 862, 05446-0862 · Colchester, VTTax-exempt since May 1997Publicly supported — 509(a)(2)

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Brown Ledge is a camp that exists to develop community, self-discipline, responsibility and achievement in girls and young women.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$85K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.1M a year · 38% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$85K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 8.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $96K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$143K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.2M
+31% vs prior year
Spent
$2.0M
To programs
82%
Net assets
$5.8M
By yearFY2020–FY2024
Revenue
$3.2M
FY2022▲ +31%
Tap a bar for its year
Revenue by fiscal year
FY2020$813K
FY2021$2.5M
FY2022$3.2M
FY2023$2.6M
FY2024$5.4M
Expenses
$2.0M
FY2022▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$810K
FY2021$1.7M
FY2022$2.0M
FY2023$2.1M
FY2024$2.5M
Net assets
$5.8M
FY2022▲ +28%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.8M
FY2021$4.5M
FY2022$5.8M
FY2023$6.4M
FY2024$9.5M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $1.6M Management & general 11% · $216K Fundraising 8% · $152K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $85K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$85,000Pt VII · Sec A
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Abby Lovshin-Smith Until Decemer’s $93K as Executive Di is at the 28th percentile of top reported officer pay among 1842 $1–10M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Abby Lovshin-Smith—$92,975$85,000$85,000$85,494
Abby Lovshin-Smith Until Decemer$92,644————
Hilary Chiang as of June$53,797————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops community, self-discipline, responsibility, and achievement in girls and young women through camp experiences.

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Provided by the organization

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1 program · $1.6M · in their own filed words · FY2022
01

Brown ledge is a residential camp for girls ages 10-17 located on malletts bay of lake champlain in northern vermont. We are known for our freedom of choice philosophy, our excellent instruction in our activities, and a lively community that fosters independent living and personal growth.

$1.6Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 4 grants · $840K · 2021–2024
Unitemized GrantFY2024$273,803
Unitemized GrantFY2023$213,258
Unitemized GrantFY2022$203,070
Unitemized GrantFY2021$149,553

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$3.2M
Ln 12
Fees for servicesLn 2g$2.1M
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$2K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.6M
Managementcol C$216K
Fundraisingcol D$152K
Owns and owesPt X
$5.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$5.9M
LiabilitiesLn 26$143K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$541K
Noncash giftsLn 1g$237K
Fees for servicesLn 2g$2.1M
Investment incomeLn 3$2K
Gains on assetsLn 7−$5K
Total revenueLn 12$3.2M
Assets in detailPt X, end of year
CashLn 1$207K
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$1.3M
Land, buildings, equipmentLn 10c$3.1M
Other assetsLn 15$19K
Total assetsLn 16$5.9M
LiabilitiesLn 26$143K
Net assetsLn 32$5.8M
OperationsPt I, VI
EmployeesI 514
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$2.3M$1.5M
InvestmentsLn 11–13$53K$1.3M
Land, buildings, equipmentLn 10c$2.8M$3.1M
Total assetsLn 16$5.2M$5.9M
LiabilitiesLn 26$620K$143K
Net assetsLn 32$4.5M$5.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$203K$203K
Pay of current officers, directors and key staffLn 5$112K$71K$30K$11K
Other salaries and wagesLn 7$649K$570K$11K$68K
Pension plan contributionsLn 8$8K$7K$866
Other employee benefitsLn 9$18K$18K
Payroll taxesLn 10$59K$42K$5K$12K
Accounting feesLn 11c$404$404
Other fees for servicesLn 11g$22K$334$21K$220
Advertising and promotionLn 12$20K$2K$17K
Office expensesLn 13$21K$7K$14K
OccupancyLn 16$104K$34K$70K
Depreciation, depletion and amortizationLn 22$135K$115K$6K$14K
InsuranceLn 23$46K$3K$43K
Other expenses (24a–d)Ln 24$592K$551K$14K$27K
Total functional expensesLn 25$2.0M$1.6M$216K$152K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $5.4M$2.5M$3.0M$9.5M 990 PDF
FY2023 $2.6M$2.1M$500K$6.4M 990 PDF
FY2022 Viewing $3.2M$2.0M$1.2M$5.8M 990 PDF
FY2021 $2.5M$1.7M$773K$4.5M 990 PDF
FY2020 $813K$810K$3K$3.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $3,238,499 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $503,238$1,171,168
I-9 Program service revenuePrior year $1,930,320$2,068,920
I-10 Investment incomePrior year $7,560$2,098
I-11 Other revenuePrior year $26,894−$3,687
I-12 Total revenuePrior year $2,468,012$3,238,499
I-13 Grants and similar amounts paidPrior year $149,553$203,070
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $753,486$846,446
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $792,328$941,095
I-18 Total expensesPrior year $1,695,367$1,990,611
I-19 Revenue less expensesPrior year $772,645$1,247,888
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,238,499 across 8 lines filed
Lines not itemized here account for −$3,687 of total revenue; see the IRS return.
VIII-1e Government grants$540,526
VIII-1f All other contributions, gifts and grants$630,642
VIII-1g Noncash contributions (included above)$237,169
VIII-1h Total contributions, gifts and grants$1,171,168
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,068,920$2,068,920
VIII-3 Investment incomeExcluded from tax $7,406$7,406
VIII-7 Net gain or loss on sales of assetsRelated to mission −$5,308−$5,308
VIII-12 Total revenueRelated to mission $2,063,612 · Excluded from tax $3,719$3,238,499
Part IX · Statement of functional expenses $1,990,611 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $203,070$203,070
IX-5 Pay of current officers, directors and key staffPrograms $71,048 · Management $29,968 · Fundraising $11,224$112,240
IX-7 Other salaries and wagesPrograms $569,651 · Management $11,305 · Fundraising $68,274$649,230
IX-8 Pension plan contributionsPrograms $7,233 · Fundraising $866$8,099
IX-9 Other employee benefitsPrograms $17,574$17,574
IX-10 Payroll taxesPrograms $41,579 · Management $5,440 · Fundraising $12,284$59,303
IX-11c Accounting feesManagement $404$404
IX-11g Other fees for servicesPrograms $334 · Management $21,226 · Fundraising $220$21,780
IX-12 Advertising and promotionPrograms $2,286 · Fundraising $17,403$19,689
IX-13 Office expensesPrograms $7,212 · Management $14,091$21,303
IX-16 OccupancyPrograms $34,184 · Management $69,696$103,880
IX-22 Depreciation, depletion and amortizationPrograms $115,022 · Management $6,273 · Fundraising $14,164$135,459
IX-23 InsurancePrograms $3,269 · Management $43,085$46,354
IX-24 Other expenses (24a–d)Programs $550,629 · Management $14,188 · Fundraising $27,409$592,226
IX-25 Total functional expensesPrograms $1,623,091 · Management $215,676 · Fundraising $151,844$1,990,611
Part X · Balance sheet $5,927,054 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $2,280,684$206,750
X-2 Savings and temporary cash investments$1,275,845
X-10c Land, buildings and equipment, netStart of year $2,800,936$3,117,414
X-11 Publicly traded securitiesStart of year $52,646$1,307,883
X-15 Other assetsStart of year $19,975$19,162
X-16 Total assetsStart of year $5,154,241$5,927,054
X-17 Accounts payable and accrued expensesStart of year $819$16,888
X-19 Deferred revenueStart of year $124,288$125,958
X-26 Total liabilitiesStart of year $619,702$142,846
X-27 Net assets without donor restrictionsStart of year $4,463,953$4,458,887
X-28 Net assets with donor restrictionsStart of year $70,586$1,325,321
X-32 Total net assets or fund balancesStart of year $4,534,539$5,784,208
X-33 Total liabilities and net assetsStart of year $5,154,241$5,927,054
Part XI · Reconciliation of net assets $5,784,208 net assets at year end
XI-1 Total revenue$3,238,499
XI-2 Total expenses$1,990,611
XI-3 Revenue less expenses$1,247,888
XI-4 Net assets at start of year$4,534,539
XI-5 Net unrealized gains (losses) on investments$1,781
XI-10 Net assets at end of year$5,784,208

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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